Moody’s shifts GM outlook to negative

Moody’s Investors Service said it changed the outlook for General Motors Co. to negative from under review. Moody’s started the review for a possible downgraded on March 25.

“The negative outlook reflects the potentially severe impact that the coronavirus could have on GM’s operating performance and credit metrics into 2021. GM has begun to restart its operations in North America; however, there is considerable risk of program and operational disruptions,” said Moody’s in a press release.

The change in outlook and the confirmation of the Baa2 senior unsecured bank credit facility and Baa3 senior unsecured notes rating end the review, the agency said.

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